May 8, 2021
This needs to be approved but not the only action taken. What is the point of having rules or laws if they aren't going to be upheld or have a ton of loop holes? Not only is strong action needed with new rules but immediate strong action MUST be taken upholding the rules and laws already active.
EVERYONE is well aware of the spoofing, naked shorting, dark pools, etc. going on in todays world of the market.
I've been a day trader for many years and there are millions like myself coming together from all over the world who just make a decent living from the market. None of us disagree with short selling when it's done legally, it's part of the market, but back in the day when resistance to a short sale grew one bought and covered. It's just that simple. But in todays world and the unaccountable allowance of synthetic shares on a continued basis has destroyed the realism of the market and the very basis that made it work.
Let's keep it real. When enough people or stock is bought it rises to a point people take profits. When it's at a peak, short sellers jump in with hopes the sell off goes down enough to profit. It's the market. Power and greed has drawn us from what made this work.
In my opinion there is a very short window of time here to hold someone accountable and get this under control or we are going to see the worst crash of our economy yet to date. All eyes are watching from all over the world
Thank you for your time.